About Tocardo
Tocardo is a company based in Den Oever (Netherlands) founded in 2008 was acquired by QED Naval in January 2020.. Tocardo has completed 1 acquisition, including IHC Tidal Energy. Tocardo offers products and services including Tocardo T-1, Tocardo T-2, Tocardo T-3, and HydroWing. Tocardo operates in a competitive market with competitors including Nova Innovation, Verdant Power, Minesto, Sustainable Marine Energy and SABELLA, among others.
- Headquarter Den Oever, Netherlands
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Tocardo B.V.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$464.26 K (USD), Grant
Jan 01, 2017
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Investors
Repsol
& 6 more
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Employee Count
Employee Count
- Investments & Acquisitions
- Acquired by
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Products & Services of Tocardo
Tocardo offers a comprehensive portfolio of products and services, including Tocardo T-1, Tocardo T-2, Tocardo T-3, and HydroWing. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Compact turbine for small-scale tidal energy generation.
Medium-sized turbine for commercial tidal projects.
Large turbine for high-capacity ocean energy applications.
System for supporting tidal energy projects in various environments.
Funding Insights of Tocardo
- Total Funding Total Funding
- Total Rounds 4
- Last Round Grant — $464,255
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2017 | Amount | Grant - Tocardo | Valuation |
investors |
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| Sep, 2014 | Amount | Grant - Tocardo | Valuation |
investors |
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| Jan, 2013 | Amount | Series A - Tocardo | Valuation | Repsol |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Tocardo
Tocardo has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Repsol, Huisman and European Union. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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Repsol is engaged in energy production and sustainable solutions globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Tocardo
Tocardo has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include IHC Tidal Energy. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Vertical axis turbine maker
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Tocardo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tocardo Comparisons
Competitors of Tocardo
Tocardo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Nova Innovation, Verdant Power, Minesto, Sustainable Marine Energy and SABELLA, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Submerged turbine systems are provided for tidal energy conversion projects.
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| domain | founded_year | HQ Location |
Tidal turbines are developed and manufactured for hydropower projects.
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| domain | founded_year | HQ Location |
Tidal energy is harnessed through an underwater kite with turbine.
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| domain | founded_year | HQ Location |
Manufactures tidal energy turbines for sustainable marine power generation.
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| domain | founded_year | HQ Location |
Submerged tidal turbines for marine energy are developed and deployed.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Tocardo
Frequently Asked Questions about Tocardo
When was Tocardo founded?
Tocardo was founded in 2008 and raised its 1st funding round 4 years after it was founded.
Where is Tocardo located?
Tocardo is headquartered in Den Oever, Netherlands. It is registered at Den Oever, Noord-holland, Netherlands.
What does Tocardo do?
The company was founded in 2008 in Den Oever, Netherlands, within the renewable energy sector. Tidal turbines are produced for installation at sea or in structures like dams and barriers to generate electricity. Solutions are offered for inshore, offshore, smart grid, and river applications. Each turbine incorporates a permanent magnet direct drive generator along with patented bi-directional reversible rotor blades. Operations focus on sustainable hydropower technologies.
Who are the top competitors of Tocardo?
Tocardo's top competitors include Verdant Power, Minesto and Nova Innovation.
What products or services does Tocardo offer?
Tocardo offers Tocardo T-1, Tocardo T-2, Tocardo T-3, and HydroWing.
How many acquisitions has Tocardo made?
Tocardo has made 1 acquisition, including IHC Tidal Energy.
Who are Tocardo's investors?
Tocardo has 7 investors. Key investors include Repsol, Huisman, European Union, Inyanga Marine Energy Group, and QED Naval.